NOVA MSC BERHAD
12 Feb 2009
|Subject||NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”)
PROPOSED PRIVATE PLACEMENT OF UP TO 77,202,950 NEW ORDINARY SHARES OF RM0.10 EACH IN NOVAMSC (“PROPOSED PRIVATE PLACEMENT”)
|Contents||The abbreviations used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement made on 28 March 2008.
We refer to the earlier announcements made by OSK Investment Bank Berhad (“OSK”), on behalf of the Board of Directors of NOVAMSC (“Board”), on 28 March 2008, 8 May 2008, 29 May 2008, 1 August 2008 and 29 January 2009 in relation to the Proposed Private Placement.
On behalf of the Board, OSK is pleased to announce that the Board has fixed the issue price of RM0.10 per placement share for the first tranche of shares to be issued pursuant to the Proposed Private Placement, comprising 16,783,250 new ordinary shares of RM0.10 each in NOVAMSC.
The issue price of RM0.10 represents a premium of 100% from RM0.05, being the five (5) – days weighted average market price of NOVAMSC Shares up to and including 11 February 2009.
This announcement is dated 12 February 2009.
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